It was in the paperwork to be reaffirmed. The lawyer says it was the banks job to get it done. The bank says our lawyer was supposed to get it done. what are our options and is there any action we should takeing
2006-07-10 11:40:26 · 3 answers · asked by bkay 1 in Business & Finance ➔ Personal Finance
Don't worry about it if the mortgage company is still accepting your payments. As long as you continue to make the payments, you should be OK. The bank would rather have your payments than foreclose on your house.
You're actually better off, as long as they continue to take the payments. If something comes up in the future, and you have to leave your house, you can walk away and there would be no way that the bank could come after you for the remaining amount left on the mortgage.
When/if you sell the house in the future, you'll need to pay them the remaining balance of the mortgage. You'll get to keep any equity above that amount. When/if you pay off the mortgage, you'll get the deed free and clear.
If they won't accept the payments, see if your attorney could file to have your case reopened so that you could file the reaffirmation.
2006-07-10 12:07:26 · answer #1 · answered by Mama Pastafarian 7 · 1⤊ 0⤋
It depends on wither it was a13 or a 7. 13 there could be a loop hole but 7 means your are screwed. Talk to a diff attorney about it.
2006-07-10 11:47:19 · answer #2 · answered by Anonymous · 0⤊ 0⤋
hire new councel and file a lawsute aganst both parties for waisting your time and lying to you
2006-07-10 11:44:31 · answer #3 · answered by vero 1 · 0⤊ 0⤋